Global accounting body CPA Australia says it welcomes the release by the Financial Markets Authority on Monday 3 September of its Guidance Note – Disclosing non-GAAP financial information.

David Jenkins, New Zealand Country Manager for CPA Australia, says the FMA Guidance Note, and the Australian Securities and Investments Commission’s Regulatory Guide 230: Disclosing non-IFRS financial information, represent common thinking on how non-GAAP financial information is to be presented in transaction documents and investor communications other than financial statements.

“Trans-Tasman investment is important to the economic growth of Australia and New Zealand,” says Jenkins. “Setting the boundaries for these communications in this way will be good for investment in both countries.”